I read with some surprise this morning in the Herald that Metlifecare’s profit has nosedived. It made me pause because the fact is that the retirement industry has every possible duck lined up. People can’t stop getting old because of a recession and the boomers retiring is making retirement operators profitable round the world.
So the lesson here is of course that even with everything going for you, one still need to use ones brain and manage ones affairs well.
This is true of investing also of course as well as business. I almost daily see people buying in the USA for example and based on the “Now is the best buying in US history” they blindly buy cr*p in terrible locations.
There is no such thing as a no brainer unless your brain also agrees. I was recently in a Realtors office covered with sold stickers for stock sold to foreigners in Detroit for example. Every single buyer, over 40 of them, just lost their money the day they bought the property. They did no homework, no due diligence and blindly believed an unscrupulous seller. Very sad and so avoidable.
Talking the US market I have always told people to take what I say and check it out for themselves. Interestingly more and more clients come back weeks/months later ready to buy because the reality backs up my comments.
I loved this comment from a Memphis Councillor in this article (Like the page while you are there I post stuff about the US market regularly)
“This was a well-thought-out deal,” Wharton said. “They’ve looked at us from every angle possible, and they see the potential in what Memphis has to offer. So I hope we’ll be able to use this as a model to attract others. That is, slice and dice us, look at us every way possible, take as long as you wish, and you’ll see this is a good place to locate your business – but most importantly, to grow and expand your business.”
So slice and dice your investment strategy today and the oportunities floating around and stick to the ones that stand up to scrutiny and time.
It was interesting to see the above named article on TV3 regarding the “pain” of foreclosure in the USA. As I am involved in this process daily right now what we as New Zealanders fail to understand is that general financial irresponsibility is a part of the culture here. For every person fighting to stay in their home as it is foreclosed on there will be 10,000 people who simply left their home leaving the bank to suffer the loss.
And most Americans simply don;t understand how flawed their financial mindset is because it is normal American thinking.
And THIS is what creates such opportunity for us, especially NZ and OZ investors who come from an accountability mindset financially.
If you enter this market with an attitude of making sure you pay your bills, reduce your debt and manage leverage responsibly you will create significant cashflow for yourself in a very short time frame and end up debt free eliminating your risk permanently.
Of course we can succeed in NZ, OZ or any market by behaving like this but what we can’t replicate is houses for 50 to 60K, 10 to 15% NET returns and the ability to pay homes off in under 8 years.
So ignore articles like the recent TV3 one. It is like us reporting the fact that we like rugby as news. Foreclosures are simply a part of the culture. These same people will also have 15 credit cards, a dozen HP’s and often addicted to drugs and alcohol.
Not to mention they used Las Vegas, one of the worst property markets and investment markets in the USA.
If you’d like to know what is really gong on in the USA and the genuine opportunities join me Wednesday 17th on my free USA webinar.
I am still in Singapore and as I get used to the culture the differences from the West in thinking become more and more interesting.
Most of Asia loves a good feed but I noticed on this trip that even in business meetings the welcome wasn’t “Hello how are you?” but more typically, “Hello, have you eaten?”
Last night I was walking around at midnight and the streets were filled with people at cafe’s eating when us kiwis would largely be asleep.
It is Singapore National Day today as they celebrate their independence. It is an incredible testimony to the founding leaders what they have achieved in under 50 years. Starting from basically nothing Singapore has over taken it’s “parent” Malaysia and become a financial powerhouse eclipsing Malaysia for standard of living, education and planning. When it sinks in that this is a 45 year old nation it is unbelievable what they have achieved.
Interestingly when I was at a church here on Sunday they spent time praying for the nation and their leaders. And they celebrated being Singaporeans and how much they loved their country. I wonder how much this support of their own nation has propelled them to a place of significance so quickly.
When was the last time you heard a group of kiwis saying how great New Zealand was, how much they loved their country and supported their leaders?? No I can’t remember either .
Singapore is far from perfect but boy we could learn a lot from parts of their culture!
So Happy National Day Singapore!!
Get Going and Stay Safe ~ Dean Letfus
PS Don’t forget to join me on the 17th for the latest on the US market. I discovered yesterday we will have some new finance options for you that will blow you away!!
I am humbled by the many clients who have thanked me for my efforts with introducing them to the USA cash-flow market.
And again this morning I had a client email me to thank me for introducing them to Memphis as an investment city. Their first purchases are performing as planned and they now want to know when we can go back again so they can buy more!!
It has been a bumpy ride trying to navigate the recession and the dishonesty that seems to come out in people when under pressure so I can’t express how gratifying it is to have found a solution for people that is transparently simple, honest and really, really works. And to have the most meticulous and careful clients coming back for more because of their success is about as much as you can ask for in business.
It’s often hard to pick the bottom of a market, currency or business and international investing is no exception. However it is pretty clear that with our dollar high and the US retail market depressed now would be a good time to invest in the USA.
$20,000 is all it takes to get started .
If you’d like some more info about USA, Memphis investment properties and some current opportunities I hope you will join me live from Memphis on the 17th August for my free webinar “USA Property Live and Unplugged”
No matter where in the world you live or work we can help you retire early, so get registering…..
I will be back in Memphis shortly so thought I would run a webinar to cover all time zones to cover the current opportunities in the USA plus show you 2 specific opportunities in Memphis that I can video for you while I am there.
Things are exceptional in the USA right now for creating cash flow safely and building in significant equity while the USA sorts itself out so don;t ignore what is increasingly looking like a once in a generation opportunity.
The first webinar will be 8PM NZ time (GMT plus 12).
We can assist people from ANY country to get 10 to 20% net returns in the USA with multiple exit strategies and the ability to build lifetime passive income including US finance with as little as $20,000 starting capital.
So tune in to hear how you could get started and if you are looking for a secure larger investment we have 2 stunning opportunities to tell you about.
Google "zerg rush" and watch the results screen. Awesome. Go » 2012/05/17
One of the benefits of living in a town where it is always 34 degrees and the main street and side walk are full... http://t.co/z17AwzVmGo » 2012/05/16
I have known Dean for a few months now and I am always so impressed with his Passion for what he does. His love for helping people inspires me.
Thanks Dean. Keep Changing the World. We appreciate it. — Stephen M, Auckland, New Zealand
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